Capital Power Co. (TSE:CPX) Receives Average Recommendation of “Buy” from Analysts

Capital Power Co. (TSE:CPX) has been given a consensus recommendation of “Buy” by the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$76.56.

A number of analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. CIBC upped their price objective on Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. Evercore ISI raised Capital Power to a “strong-buy” rating in a report on Monday, October 6th. Royal Bank Of Canada boosted their price target on Capital Power from C$67.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, ATB Capital set a C$75.00 price target on Capital Power and gave the company an “outperform” rating in a research report on Tuesday, December 23rd.

Capital Power Stock Performance

Shares of TSE CPX opened at C$62.21 on Friday. The firm has a market capitalization of C$9.68 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.91 and a beta of 0.53. Capital Power has a one year low of C$41.87 and a one year high of C$73.80. The business has a fifty day simple moving average of C$60.20 and a 200 day simple moving average of C$62.44. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.94 earnings per share for the quarter. Capital Power had a net margin of 15.53% and a return on equity of 15.16%. The firm had revenue of C$1.20 billion for the quarter. Sell-side analysts expect that Capital Power will post 2.8197088 EPS for the current year.

Capital Power Company Profile

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.